HVAC Equipment Market to Witness Huge Growth by 2027

HVAC Equipment Market: Introduction

Transparency Market Research delivers key insights on the global HVAC equipment market. In terms of revenue, the global HVAC equipment market is anticipated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in the HVAC equipment market report.

HVAC is the abbreviation for heating, ventilation and air conditioning. The HVAC equipment market includes heating, ventilation, and cooling or air conditioning equipment. These equipment are used to move the air between indoor & outdoor areas. The equipment provides thermal comfort temperature during extreme climatic conditions.

In this market report, TMR estimates that based on product type, cooling equipment is likely to be the most widely used product type by the end of 2030 in the HVAC equipment market. Growing usage of HAVC equipment for construction projects and renovation of residential spaces is anticipated to drive the market. Moreover, growing awareness among users about using energy efficient equipment and growth in the construction sector is expected to drive the market for HVAC equipment.

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HVAC Equipment Market: Prominent Regions

Asia Pacific is projected to show prominent growth in the HVAC equipment market in the near future, due to increasing number of construction projects in the region. North America is the dominant market for HVAC equipment over the years. Demand for energy efficient equipment is one the major reasons for growth of this market in North America as well as Europe. Growing home automation and development of smart HVAC equipment is expected to create better opportunities for the HVAC equipment market in the near future.

Major brands are likely to focus on research & development to manufacture high-tech equipment and expand their business to strengthen their footprints in the global HVAC equipment market.

HVAC Equipment Market: Key Players

Prominent companies operating in the global HVAC equipment market include Daikin Industries, Ltd., Samsung, United Technologies, Johnson Controls International Plc, Panasonic Corporation, Lennox International Inc., Mitsubishi Electric Corporation, Nortek Global HVAC LLC, Hitachi, Ltd., and Trane Technologies Plc (formerly Ingersoll-Rand Plc).

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Global HVAC Equipment Market: Segmentation

HVAC Equipment Market, by Type

Heating Equipment

Heat Pump
Furnace
Unitary Heaters
Boilers
Others

Cooling Equipment

Chillers
Air Conditioners
Water Cooling Towers
Others

Air Delivery Equipment

Ventilation Fans
Humidifiers & Dehumidifiers
Others

HVAC Equipment Market, by Application

Residential
Commercial
Industrial

HVAC Equipment Market, by Region

North America

U.S.
Canada
Rest of North America

Europe

U.K.
Germany
France
Rest of Europe

Asia Pacific

China
India
Japan
Rest of Asia Pacific

Middle East & Africa

GCC Countries
South Africa
Rest of Middle East & Africa

South America

Brazil
Rest of South America

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